Roll Call
P
Davis
P
Fischer-Clemens
P
Michels
P
Fiegen, Vice-Chair
P
Diedrich (Larry), Chair
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Representative Larry Diedrich.
MOTION:
TO APPROVE THE MINUTES OF January 27, 2000.
Moved by:
Representative Fischer-Clemens
Second by:
Representative Davis
Action:
Prevailed by voice vote.
MOTION:
Approve the permanent rules.
Moved by:
Representative Davis
Second by:
Representative Fischer-Clemens
Action:
Prevailed by voice vote.
SB 6:
provide for the increase of Class A employee and employer contributions to the
South Dakota Retirement System.
Presented by:
Elmer Brinkman, Watertown, SDRS
Paul Schrader, Denver, Buck Cons.
Al Asher, Pierre, SDRS
Proponents:
Ken Melius, Pierre, SDSEO
Elaine Roberts, Pierre, SDEA
Dean Hyde, Pierre, AARP
Paul Aylward, Huron, AFSCME
Christie Johnson, Pierre, SASD
Opponents:
Dave Hanson, Pierre, BOR
MOTION:
DO PASS SB 6
Moved by:
Representative Michels
Second by:
Representative Fischer-Clemens
Action:
Prevailed by roll call vote.
(5-0-0-0)
Voting yes:
Davis, Fischer-Clemens, Michels, Fiegen, Diedrich (Larry)
SB 17:
remove the Aberdeen ambulance attendants as Class B members of the South
Dakota Retirement System.
Presented by:
Al Asher, Pierre, SDRS
MOTION:
DO PASS SB 17
Moved by:
Representative Davis
Second by:
Representative Fiegen
Action:
Prevailed by roll call vote.
(5-0-0-0)
Voting yes:
Davis, Fischer-Clemens, Michels, Fiegen, Diedrich (Larry)
SB 19:
provide benefit improvements for the members of the South Dakota Retirement
System.
Presented by:
Al Asher, Pierre, SDRS
Proponents:
Paul Schrader, Denver, Buck Cons.
Dean Hyde, Pierre, AARP
Wyland Borth, Pierre, SD Retired Teachers
Ken Melius, Pierre, SDSEO
Linus Storms, Pierre, ASBSD
Wallace Larsen, Pierre, self
Christie Johnson, Pierre, SASD
Elaine Roberts, Pierre, SDEA
Paul Aylward, Huron, AFSCME
Christie Johnson, Pierre, SASD
Opponents:
Norman West, Yankton, YEA (Handout 1)
MOTION:
DO PASS SB 19
Moved by:
Representative Davis
Second by:
Representative Fiegen
Action:
Prevailed by roll call vote.
(4-1-0-0)
Voting yes:
Davis, Fischer-Clemens, Michels, Diedrich (Larry)
Voting no:
Fiegen
HB 1002:
provide for employer contributions to the South Dakota deferred
compensation plan for certain employees.
Presented by:
Rep. Matthew Michels
MOTION:
AMEND HB 1002
On the printed bill,
delete everything after the enacting clause and insert:
"
Section
1.
An independent actuarial review shall be completed of the South Dakota Retirement System,
focusing upon issues of equity regarding member benefits, including, but not limited to, the class A
alternate formula, class differences, length of service issues, purchase of credited service, cost of living
allowance, death and disability benefits, married members, members with younger spouses, life
expectancy, early retirement, and reemployment after retirement.
Section
2.
The Retirement Laws Committee shall submit a request for proposals, and shall designate
an approved actuary to carry out the study no later than July 1, 2000. The approved actuary shall report its
findings to the Retirement Laws Committee no later than December 1, 2000.
Section
3.
This independent actuarial review shall be paid for out of the South Dakota retirement
system fund. Expenditures shall be disbursed on warrants drawn by the state auditor and shall be supported
by vouchers approved by the administrator of the system.
Section
4.
Whereas, this Act is necessary for the support of the state government and its existing public
institutions, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and
after its passage and approval.
"
On page
1
,
line
1 of the printed bill
,
delete everything after "
Act to
"
and insert "
require an independent
actuarial review of equity issues regarding the South Dakota Retirement System.
"
.